World Bank's Malpass, under fire on climate views, says no shareholders asked him to resign

By Andrea Shalal WASHINGTON - World Bank President David Malpass on Friday said none of the global development bank's shareholders have asked him to resign despite a wave of criticism this week...

New China ETFs test investor appetite amid Sino-U.S. tech war, market rout

SHANGHAI - Five Chinese tech-focused ETFs launched on Friday, testing investor appetite for chipmakers, new materials producers and machine tool manufacturers amid an escalating Sino-U.S. tech...

Australia's Optus says up to 10 million customers caught in cyber attack

SYDNEY - Australian No. 2 telco Optus, owned by Singapore Telecommunications Ltd, said it will contact up to 10 million customers whose personal details were taken in a "sophisticated" hack, but...

LG Energy inks cobalt, lithium supply deals with three Canadian miners

SEOUL - South Korean battery maker LG Energy Solution said on Friday it has signed agreements on lithium and cobalt sourcing with three Canadian mining firms in a bid to expand its footprint in...

U.S. House Democrats release framework for bill to restrict members trading stocks

WASHINGTON - U.S. House Democrats on Thursday released a framework for legislation that would restrict lawmakers and other senior government officials, including the Supreme Court, from trading...

Boeing to pay $200 million to settle U.S. charges it misled investors about 737 MAX

By David Shepardson WASHINGTON -Boeing Co will pay $200 million to settle civil charges by the U.S. Securities and Exchange Commission that it misled investors about its 737 MAX, which was...

IDB directors vote unanimously to recommend removal of Claver-Carone -sources

By Andrea Shalal WASHINGTON - The Inter-American Development Bank's (IDB) board of directors voted unanimously on Thursday to recommend the removal of President Mauricio Claver-Carone following...

IMF's board seen backing 'food shock window,' aiding Ukraine and others

By Andrea Shalal WASHINGTON -The International Monetary Fund's board is expected to approve a new "food shock window" in the next few weeks that will allow the global lender to provide emergency...

IDB board could vote this week to recommend removal of chief Claver-Carone

By Andrea Shalal WASHINGTON -The Inter-American Development Bank's directors are nearing consensus on the need to remove President Mauricio Claver-Carone after an independent ethics...

Tencent Music shares set to open at HK$18 each in Hong Kong debut

HONG KONG - China's Tencent Music Entertainment Group (NYSE:TME) shares are due to start trading at HK$18 ($2.29) each in the company's Hong Kong listing debut on Wednesday. The online music...

Exclusive-Investigation into IDB chief supports allegations of relationship with staffer- sources

By Cassandra Garrison and Andrea Shalal MEXICO CITY/WASHINGTON - An independent investigation found evidence that the Inter-American Development Bank's (IDB) chief, Mauricio Claver-Carone,...

Tesla Battery Fire at PG&E Facility Shuts Down Highway

By Michael Elkins A section of highway in California was closed around 1:30 a.m. this morning after PG&E became aware of a fire in one Tesla (NASDAQ:TSLA) Megapack at its Elkhorn Battery Storage...

Exclusive-U.S. Treasury official criticizes China's 'unconventional' debt practices

By Andrea Shalal WASHINGTON - A top adviser to U.S. Treasury Secretary Janet Yellen will warn on Tuesday that China's foot-dragging on debt relief could burden dozens of low- and middle-income...

WHO 'strongly advises against' use of two COVID treatments

By Natalie Grover LONDON (Reuters) -Two COVID-19 antibody therapies are no longer recommended by the World Health Organization (WHO), on the basis that Omicron and the variant's latest offshoots...

IMF sees further global economic slowdown in third quarter

By Andrea Shalal WASHINGTON -Downside risks continue to dominate the global economic outlook and some countries are expected to slip into recession in 2023, but it is too early to say if there...

Exclusive: IMF eyes expanded access to emergency aid for food shocks

By Jorgelina do Rosario and Andrea Shalal LONDON/WASHINGTON - The International Monetary Fund is looking for ways to provide emergency funding to countries facing war-induced food price shocks...

U.S. Treasury Russian oil price cap guidance gives safe harbor to maritime service firms

By David Lawder and Andrea Shalal WASHINGTON - The U.S. Treasury on Friday issued new guidance on a proposed Western price cap on Russian oil exports, saying that maritime services providers...

Russian invasion of Ukraine caused over $97 billion in damages

By Andrea Shalal WASHINGTON - Russia's invasion caused over $97 billion in direct damages to Ukraine through June 1, but it could cost nearly $350 billion to rebuild the country, a report...

U.S. Weekly Crude Inventories Near 9 Million Barrels, Highest Since April

By Barani Krishnan Investing.com -- U.S. crude oil inventories had their highest weekly build since April, the Energy Information Administration said in its Weekly Petroleum Status Report that...

Ukraine's Zelenskiy 'rings' NYSE bell in quest for foreign investment

By Andrea Shalal KYIV/NEW YORK - Ukraine's President Volodymyr Zelenskiy remotely rang the opening bell at the New York Stock Exchange on Tuesday as his nation appealed for billions in private...

German ramps up military exports, mainly to arm Ukraine

BERLIN - German exports of military equipment have surged so far this year as Berlin supplies arms to Ukraine to help it defend itself against Russia's attack, the Economy Ministry said on...

Exclusive-Maxis and U Mobile decline offer to take stakes in Malaysia's 5G agency -sources

By Rozanna Latiff and Yantoultra Ngui KUALA LUMPUR/SINGAPORE - Two of Malaysia's largest mobile carriers do not plan to take stakes in a state-owned 5G agency, three people familiar with the...

Apple chief privacy officer set to leave company for law firm -Bloomberg News

The move is part of Apple's plan to make the iPhone more secure. The move comes after the iPhone 5 was released in September 2013. The iPhone 5 is expected to be released later this year. It will...

Evergrande winding-up lawsuit in Hong Kong adjourned until Sept. 5

HONG KONG - China Evergrande Group on Wednesday opposed a winding-up petition filed in a Hong Kong court, with the hearing now being adjourned until Sept. 5. An investor in Evergrande's Chinese...

Ukraine makes push along entire front, Zelenskiy says, as Russia halts gas

By Andrea Shalal and Pavel Polityuk MYKOLAIV, Ukraine/KYIV - Ukrainian troops have attacked Russian positions along the entire front, Ukrainian President Volodymyr Zelenskiy said, while Russia...

Tesla slashes delivery waiting time for some Model Ys in China

SHANGHAI - Tesla (NASDAQ:TSLA) Inc has shortened delivery waiting times for its rear-wheel drive Model Ys in China to one to four weeks, it said on its Chinese website, the second change in less...

Chinese Automobile Stocks Slump After Warren Buffett Trims BYD Stake

By Ambar Warrick Investing.com-- Major Chinese automobile stocks slumped on Wednesday after Warren Buffett’s Berkshire Hathaway sold part of its stake in automaker BYD Co. Shenzhen-listed shares...

Texas reports first U.S. death in person with monkeypox

By Julie Steenhuysen CHICAGO - Texas on Tuesday reported the first death in a severely immunocompromised person who was diagnosed with monkeypox, according to state health department...

Taliban set off fireworks to celebrate first anniversary of U.S. withdrawal from Afghanistan

By Mohammad Yunus Yawar KABUL - Celebratory fireworks lit up the Kabul sky on Tuesday night on the first anniversary of the withdrawal of U.S. troops from Afghanistan, which the Taliban are...

Jailed Kremlin critic Navalny in solitary confinement yet again

LONDON - Jailed Russian opposition politician Alexei Navalny said on Tuesday that he had been thrown into solitary confinement for the third time this month to punish him for his political...

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